So we’re about to get massive liquidations of all the wrapped ETH products?

With institutions barreling into public ETH treasury plays – we're seeing ETH getting sucked out of on-chain markets, both a unique opportunity to fill in the supply gap and an adverse impact on the ETH leverage looping trade. Current ETH supply rate on Aave just blew out to 11%, borrow rate at 14%. Second time this week. Over the last 24hrs, WETH TVL on Morpho is up 17%, with rates around 2%. This is important because of the leverage ETH loop where the underlying asset makes 3.4%. If rates spike over 4%, you'll see these start to unwind. Currently stETH withdrawals on lido are taking 10 days given queue, stETH depegged by 2bps on secondary markets, and as ETH price action continues you'll see longer withdrawal queues, depegs and rate spikes. Bullish ETH, but with any move this fast, all eyes on risk and making sure you're working with the right counterparties. When will these treasury companies start deploying into Aave and Morpho on the supply side 👀

The smartest crypto fund manager I know just sent me this, so flagging that’s the part of this current mini cycle we are in

Huge congrats to the Upshift team on this milestone! This is just the start, with 19 vaults from Ethereum to HyperEVM and yield as high as 21%. Excited to see what’s next as more capital markets get tokenized and democratized access to these institutional strategies expands.

Congratulations to everyone involved in pushing forward the GENIUS act. Just an amazing day for innovation in the US.

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As we always knew would happen

8 months ago, on election night, we were on top of the world after Polymarket called the election. 8 days later, the FBI broke down my door at 6am and took all my computers and phones, looking for anything that could imply foul play. While traumatic, it etched the story of Polymarket's accuracy, and the ensuing resistance, into the history of American politics. And today, I'm happy to announce that this chapter of the story is over. After cooperating and engaging, we've been cleared of any wrongdoing. Justice prevailed. God Bless America 🇺🇸

This is a bit of gaslighting because JPM is ALREADY heavily involved in those things (but yes, it's just the beginning)

We are on the precipice of a wave of traditional markets and payments coming onchain and CT is just a bunch of people inanely arguing about their preferred blockspace The continued growth of this space requires more than any one eco, and this zero sum thinking is just brain dead